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Cardinal Resources Ltd.
Summary
| Project: | Namdini | |
|---|---|---|
| Deposit: | Namdini | |
| Location: | Ghana | |
| Commodities: | Gold | |
| Date: | 8/16/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-8-2016: Cardinal Resources Ltd. announces an Exploration/Drilling Update report for its Namdini deposit at the Namdini project. Drilling results incl. 94m @ 4.53g/t Au from 33m. Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”) is ple | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Paul Abbott (Internal) | |
| ABSTRACT: | Cardinal Resources Limited (ASX: CDV) (“Cardinal” or “the Company”) is pleased to report that the Phase 1 ‘Framework’ drilling programme has been completed and all assays results have been returned. As a result, work has begun on structural and geological modelling, and resource estimation in order to complete an inaugural resource estimate of the Namdini gold deposit (“Namdini”) in northeastern Ghana. Cardinal’s Managing Director, Archie Koimtsidis said: “The completion of the first phase of the framework drilling programme has returned some of the highest value (gold grade multiplied by mineralised length) intervals intersected to date at Namdini. Further high grade intervals were returned from many of the outstanding drill holes from our Phase One drilling programme. “Namdini has been confirmed as a major new discovery, with gold mineralisation outlined over one kilometer of strike, and extending over 350 metres below the topographic surface with a mineralised corridor that it consistently greater than 250 metres to 300 metres wide. The orebody remains open at depth and to the south and we are encouraged by the exploration potential to the north. “We are excited to begin the next stage of the development of Namdini, with geological and structural modelling and resource estimation studies initiated. Our metallurgical testwork programme, based on over 350 kilograms of core is well advanced and we look forward to reporting the results when they are available.” | |
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